US plans lowest amount of new gas-fueled power in 25 years

By Jack Quinn | 02/16/2024 06:59 AM EST

The Energy Information Administration’s report also said solar will make up 58 percent of all new power installations this year.

A solar farm in Imperial, California.

A solar farm in Imperial, California. Valerie Macon/AFP via Getty Images

Solar energy and battery storage are expected to constitute more than 80 percent of new large-scale energy installations in the U.S. this year, according to an analysis released Thursday by the Energy Information Administration.

At the same time, the U.S. plans to install the lowest amount of new utility-scale natural gas in 25 years, according to the report posted online Thursday from EIA’s Preliminary Monthly Electric Generator Inventory. Wind installations also are projected to increase at a slower pace in 2024 than a few years ago.
report posted online

“As the effects of supply chain challenges and trade restrictions ease, solar continues to outpace capacity additions from other generating resources,” the report said.


Overall, U.S. power providers plan to add 63 gigawatts of utility-scale generation in 2024, 55 percent more than 2023, which saw the highest amount in two decades.